Forecasts and recommendations of analysts of IFH RESMI (Kazakhstan) for October 8, 2010

/IRBIS, October 8, 2010/ - Finance & Investment House RESMI JSC (Almaty, IFH RESMI) provided IRBIS overview of major events and their investment ideas and projections for October 8, 2010. Analysts of IFH RESMI are paying attention to investors on the following important events in the markets now: - American REIT acquired leasehold interest on four stars hotel. LaSalle Hotel Properties (LHO) has acquired "master lease" at the Roger Williams Hotel which worth 94.5 million dollars for the period from 2010 to 2044. The acquisition price includes 90 million, the most cost leases and 4.5 million additional costs. LaSalle Hotel Properties (LHO) - one of the largest U.S. REIT, which specializes in hotel properties. The company owns with 34 hotels in the U.S., the total number of rooms which is 9,000. After purchasing the Roger Williams Hotel Company does not intend to conduct any commercial real estate transactions, seeking to improve their operating performance due to work on improving the hotels. So, keeping the capitalization rate at 6.4%, REIT intends to increase its 2011 net operating income to 182.4 million U.S. dollars and fair value by $27 to $28. Analysts of IFH RESMI give the following advice for investors in securities of issuers in Kazakhstan: -------------------------------------------------------------------------- Issuer Last price Predicted price* Up/down from Target RSI. Current price price** %*** ------------------ ---------- ---------------- ------------- ------- ----- Kazkommertsbak 415 796 91.8% 385 50.73 Halyk bank 324 409 26.0% 353 56.50 Bank Center Credit 543 1,218 124.3% 944 52.90 RD KMG 15,800 24,895 57.6% 23,555 43.90 Kazkhtelekom 15,950 33,842 112.2% 29,682 83.21 -------------------------------------------------------------------------- Fundamental evaluation IFH RESMI for 12 months (weekly review) ** Target according to the consensus forecast of analysts surveyed by Bloomberg *** Relative strength index - an indicator of technical analysis. determines strength of trend and likelihood of change. Overbought / oversold - when RSI indicator value is closer to 100% / 0%. - Cost of common shares Kazkommertsbank assessment IFD "RESMI" will cost no less than KZT796 per share by the end of 2010; - Halyk Savings Bank of Kazakhstan is estimated IFD "RESMI" as the most promising in terms of business development financial institution in Kazakhstan. Analysts see the growth of the bank's shares up to KZT409 per share; - Shares of Bank CenterCredit in the long term analysts IFD "RESMI" about the outlook for growth in securities of the bank to the level of 1.230 m.; - Stocks of Kazakhtelecom are looking most attractive for investment in the long term. Analysts IFD "RESMI" recommend buying simple shareholders of the issuer. - The updated target price of shares of JSC Exploration Production KMG is KZT24.895 per share. The given material has exclusively information character and is not the offer or recommendation to make any transactions with the stocks. Agency Irbis doesn't take responsibility for the opinions which are in given material. [2010-10-08]